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SC Upholds Taxability of Interest Earned on Bank Deposits by Clubs Rejecting Mutuality Principle

13 Aug 2026 · 13 Aug 2026By CA Sandeep Kanoi

SC holds interest on bank deposits of clubs is taxable under Income Tax Act, ruling Bangalore Club precedent requires no reconsideration under mutuality doctrine. The post SC Upholds Taxability of Interest Earned on Bank Deposits by Clubs Rejecting Mutuality Principle appeared first on TaxGuru .

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SC Upholds Taxability of Interest Earned on Bank Deposits by Clubs Rejecting Mutuality Principle

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